The Council of Ministers of Cyprus has the power, pursuant to Article 8(4)(a) of Rent Control Law of 1983 (23/1983) (the “Law”), to determine the maximum increase of rent for residential and commercial real estate which falls within the scope of application of the Law. Following a decision of the Council of Ministers earlier in […]
Rent Control Law: Maximum Increase in Rent at 6% Read More »
As of July 2000, the rights of the employees in Cyprus in cases of transfer of undertakings, businesses or part thereof, are safeguarded and regulated by ‘the Safeguarding and Protection of Employees Rights in the Event of the Transfer of Undertakings, Businesses or Parts Thereof Law (104(I)/2000)’ (the «Law»). The Law applies to the transfer
Transfer of Undertakings or Businesses: Safeguarding Employees’ Rights Read More »
Our team has successfully advised one of Israel’s most promising start ups on establishing a presence in Cyprus and relocating key team members from Russia and Israel to Cyprus. Our client, a prominent start up in the sports education field, was looking for options for relocation of some of its key employees, who are Russian
Legal Update: Advising Israeli Start-up on Relocation of Key Employees to Cyprus Read More »
A trust is a legal arrangement in which a person (settlor) transfers assets to another person or entity (the trustee) to hold for the benefit of others (the beneficiaries). Trusts are a creation of the English (Common) Law system. They offer great flexibility and can be a very useful tool in estate planning and wealth
Trusts in Cyprus: What is a Trust & When is it Used? Read More »
Understanding the Law and Planning Ahead Succession planning is a crucial aspect of business management, particularly for family-owned businesses. In the context of the law in Cyprus, there are four stages to consider when planning for business succession. Identifying Potential Successors The first stage is identifying potential successors. This involves assessing family members or key
The 4 Stages of Succession Planning for Family-Owned Businesses in Cyprus Read More »
National rules and regulations governing succession and inheritance matters vary significantly from one country to another. Especially with the free movement of people across the EU, regulation of such matters was necessary at the EU level. Accordingly, in 2012 the European Union (EU) introduced Regulation 650/2012 in an effort to simplify cross-border succession procedures, i.e.,
EU Cross Border Succession Regulation Read More »
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